STOCK TITAN

Seagate insider may sell $79M in stock for taxes

A Seagate Technology executive filed a Rule 144 notice to sell shares mainly to cover tax withholding from recent performance share vesting.

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Seagate Technology Holdings plc (STX) is the issuer for a notice filed on behalf of William D. Mosley to sell common stock under Rule 144. The notice covers up to 102,784 shares of common stock to be sold through Morgan Stanley, with an aggregate market value of $79,363,744.68, compared with 226,644,518 shares outstanding as of September 15, 2026; this is a baseline figure, not the amount being offered. The shares relate to 177,000 shares of common stock issued on September 14, 2026 due to Performance Share Unit vesting as compensation for services. Recent sales in the prior three months include blocks of 30,000 shares on July 1, 2026 and 30,000 shares on August 3, 2026. The notice states that sales are to be made pursuant to an issuer-mandated sell-to-cover solely to satisfy tax withholding obligations.

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Shares subject to Rule 144 notice 102,784 shares Common stock to be sold through Morgan Stanley under the notice
Aggregate market value of securities to be sold $79,363,744.68 Value of the 102,784 Seagate common shares covered by the notice
Shares outstanding 226,644,518 shares Seagate common stock outstanding as of September 15, 2026
Performance Share Unit vesting shares 177,000 shares Common stock issued on September 14, 2026 as compensation for services
Sale on July 1, 2026 30,000 shares for $27,444,658.12 Past three-month sale of Seagate common stock by William D. Mosley
Sale on August 3, 2026 30,000 shares for $24,511,131.27 Past three-month sale of Seagate common stock by William D. Mosley
Sale on September 1, 2026 30,000 shares for $24,488,282.26 Past three-month sale of Seagate common stock by William D. Mosley
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Performance Share Unit Vesting financial
"Common stock | 09/14/2026 | Performance Share Unit Vesting | Issuer"
sell-to-cover financial
"Sales to be made pursuant to Issuer mandated sell-to-cover solely to satisfy"
Sell-to-cover is when part of newly issued or exercised company stock is immediately sold to pay required taxes and fees, so the recipient keeps the remaining shares. For investors this matters because it reduces the number of shares insiders or employees actually hold after a grant, can create small, routine share sales that aren’t signal of cashing out, and slightly increases share supply on the market—like selling a portion of a paycheck to cover the tax bill.
Attorney-in-Fact regulatory
"Signature | /s/ Dawn Ledbetter. Attorney-in-Fact for William D. Mosley"
An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does Seagate Technology (STX) disclose in this Form 144 notice?

The notice reports that William D. Mosley may sell up to 102,784 shares of Seagate common stock under Rule 144, with an aggregate market value of $79,363,744.68, through Morgan Stanley as of September 15, 2026.

How many Seagate (STX) shares are outstanding in this filing?

The filing states that Seagate Technology had 226,644,518 shares of common stock outstanding as of September 15, 2026, providing context for the size of the potential Rule 144 sale.

How does the Seagate (STX) filing describe the purpose of the planned stock sales?

The remarks state that sales are to be made pursuant to an issuer mandated sell-to-cover, used solely to satisfy tax withholding obligations, indicating the sales are for tax coverage rather than discretionary liquidation.

What past Seagate (STX) stock sales by William D. Mosley are listed?

Over the prior three months, listed sales include 30,000 shares of common stock on July 1, 2026 for $27,444,658.12 and 30,000 shares on August 3, 2026 for $24,511,131.27, among several additional smaller transactions.

Who signed the Seagate (STX) Form 144 and on whose behalf?

The notice is signed by /s/ Dawn Ledbetter as Attorney-in-Fact for William D. Mosley, indicating it was executed under a power of attorney rather than directly by Mosley.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

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